Evernorth, a Nasdaq-listed company trading under the XRPN ticker, reports that 92% of the $1.65 billion in RLUSD swapped on XRPL’s native DEX in 2026 was traded against XRP. The data indicates that the dollar stablecoin’s growth is not taking liquidity away from XRP but is instead increasing its use as a trading pair. Tokenized value on the XRP Ledger rose from $1.76 billion in February to more than $5 billion as of October 20, ranking the network sixth globally and fourth among public blockchains. The number of accounts issuing Multi-Purpose Tokens also increased from four in January to 24 in October, while 98 new tokens were issued in a record month. Evernorth entered public markets on October 12 with approximately 473 million XRP and $300 million in gross proceeds, selected Ripple, Coinbase, Kraken and BitGo to manage its XRP treasury, and arranged a Cantor Fitzgerald equity facility that could raise approximately $80 million, with additional XRP purchases among the potential uses of the funds.
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